E Fund Management Co. Ltd. Invests $305,000 in Cheetah Mobile Inc. $CMCM

Key Points

• E Fund Management Co. Ltd. has acquired 71,363 shares of Cheetah Mobile, valued at approximately $305,000, increasing its stake to 0.24% of the company.
• Cheetah Mobile's stock opened at $4.93 with a one-year low of $3.28 and a high of $6.77, while it reported negative earnings of ($0.14) EPS in its latest earnings release.
• Analysts at Wall Street Zen have downgraded Cheetah Mobile's rating from "buy" to "hold" as of May 5th.

E Fund Management Co. Ltd. purchased a new position in shares of Cheetah Mobile Inc. (NYSE:CMCM - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 71,363 shares of the software maker's stock, valued at approximately $305,000. E Fund Management Co. Ltd. owned about 0.24% of Cheetah Mobile at the end of the most recent reporting period.

Separately, E Fund Management Hong Kong Co. Ltd. bought a new position in Cheetah Mobile during the first quarter worth about $305,000. 0.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of Cheetah Mobile from a "buy" rating to a "hold" rating in a research report on Monday, May 5th.

Cheetah Mobile Stock Up 3.3%

Shares of Cheetah Mobile stock traded up $0.1750 on Tuesday, hitting $5.5250. The stock had a trading volume of 56,931 shares, compared to its average volume of 36,455. Cheetah Mobile Inc. has a twelve month low of $3.28 and a twelve month high of $6.77. The business's 50 day moving average is $4.89 and its two-hundred day moving average is $4.62. The stock has a market cap of $167.50 million, a price-to-earnings ratio of -2.08 and a beta of 1.59.

Cheetah Mobile (NYSE:CMCM - Get Free Report) last announced its quarterly earnings data on Thursday, June 19th. The software maker reported ($0.14) EPS for the quarter. Cheetah Mobile had a negative net margin of 64.75% and a negative return on equity of 17.83%. The firm had revenue of $35.69 million for the quarter.

Cheetah Mobile Profile

Cheetah Mobile Inc along with its subsidiaries, engages in provision of internet services, artificial intelligence, and other services in the People's Republic of China, Hong Kong, Japan, and internationally. The company's internet products include Duba Anti-virus, an internet security application to protect users against known and unknown security threats and malicious applications; and Clean Master, a junk file cleaning, memory boosting, and privacy protection tool for mobile devices.